Sudan Protests: Demonstrations hit unemployment, inflation rates
Updated 13:41, 05-Jun-2019
Sudan has been experiencing political instability since the ouster of Omar Al Bashir. Our correspondent Yasser Hakim looks at the impact of the latest developments on the country's economy.
The state of the economy was one of the reasons for the uprising that toppled former president Omar Al Bashir.
GAMAL RAIF, DEPUTY EDITOR IN CHIEF OCTOBER WEEKLY "The recession started in 2011 after the independence of Juba, south Sudan. The north lost three quarters of its oil revenue to the south. Agricultural production dropped as well, therefore increasing the budget deficit. Inflation reached 75% and the US dollar jumped to 60 Sudanese pounds."
But inevitably because of the latest instability and constant demonstrations and sit-ins, the situation has not improved.
ABDEL REHIM AGHA, VICE PRESIDENT AFRICAN AFFAIRS JOURNALIST UNION "The political tensions have not helped the economic situation. Unemployment increased from 14% to 22%, inflation is exceeding the 76% mark and the US dollar went up from 60 to 70 Sudanese pounds. The foreign reserves are dropping by the day, the foreign currency black market is flourishing and there is a lack food and medicine in the markets."
Several people were killed in clashes on Monday at the main sit-in in Khartoum. Experts say the country needs quick fix solutions to sustain the economy.
GAMAL RAIF, DEPUTY EDITOR IN CHIEF OCTOBER WEEKLY "Until now the transitional leadership has not announced any economic plans. It's pre-occupied with the political standoff. But there must be some kind of vision to protect the nation from hunger and poverty. Agricultural production must resume immediately and make better use of the natural resources in the country to create immediate revenue."
Sudan neighbours such as Egypt have been lending a hand to the stricken nation.
ABDEL REHIM AGHA, VICE PRESIDENT AFRICAN AFFAIRS JOURNALISTS UNION "Saudi Arabia and the UAE have stepped in and delivered five hundred million dollars to the Sudanese central bank and they have promised more in the near future. Egypt has been providing humanitarian aid but all this is not enough. The economy needs billions of dollars and an aggressive economic plan to recover."
YASSER HAKIM CAIRO, EGYPT "Experts say Sudan needs the transitional period to be swift and peaceful. Economic reforms and production should begin right away if the country is to survive bankruptcy. Yasser Hakim CGTN Cairo."